Tag: ADNOC

ADNOC to acquire a 35% equity stake in Exxon Mobil’s hydrogen production facility in Texas 

ADNOC to acquire a 35% equity stake in Exxon Mobil’s hydrogen production facility in Texas 

September 6, 2024 |

In the United Arab Emirates, Exxon Mobil said that Abu Dhabi National Oil Company (ADNOC) will acquire a 35% equity stake in Exxon Mobil Corporation’s proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas. Contingent on supportive government policy and necessary regulatory permits, the facility is expected to be the world’s largest of its […]

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ADNOC JV Awards $1.9 Billion Contracts for Ethane and Ammonia Carriers

ADNOC JV Awards $1.9 Billion Contracts for Ethane and Ammonia Carriers

July 24, 2024 |

In the UAE, ADNOC Logistics and Services announced that AW Shipping, its joint venture with Wanhua Chemical Group, has awarded contracts worth $1.9 billion to Jiangnan Shipyard for the construction of up to 13 new vessels. The order includes nine Very Large Ethane Carriers (VLECs) and four Very Large Ammonia Carriers (VLACs). The VLECs, with […]

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